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The Changing Face of the U.S. Grain System

  • by Aziz Elbehri
  • 2/28/2007
  • ERR-35

Overview

U.S. grains were once exclusively handled by commodity markets characterized by standard grades (for example, number 2 yellow corn), a large number of buyers and sellers, and prices that were transparent on commodity exchanges. Increasingly, though, specialty grains (for example, fiber-enriched wheat as an ingredient in low-carbohydrate foods) are requiring adjustments in the marketing system in order to preserve their added value or prevent accidental commingling with standard grains.

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